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2022
Exports $122MWorld Rnk 14 / 179
Flag Rnk 257 / 1198
2022
Destination $10.5M United States
2021 - 2022
FASTEST GROWING MARKET $10.5MNetherlands
2022
PRODUCT COMPLEXITY IN Compasses0.89Rnk 212 / 1025
2022
Imports $72.6MWorld Rnk 24 / 211
Flag Rnk 435 / 1203
2022
Origin $11.6M Netherlands
2021 - 2022
FASTEST GROWING ORIGIN $11.6MNetherlands
2022
ECONOMIC COMPLEXITY of Malaysia1.09Rnk 24 / 133

About

Exports In 2022, Malaysia exported $122M in Compasses, making it the 14th largest exporter of Compasses in the world. At the same year, Compasses was the 257th most exported product in Malaysia. The main destination of Compasses exports from Malaysia are: United States ($38.2M), Netherlands ($17.9M), Singapore ($13.6M), France ($13.6M), and United Kingdom ($7.92M).

The fastest growing export markets for Compasses of Malaysia between 2021 and 2022 were Netherlands ($10.5M), France ($7.55M), and United States ($5.34M).

Imports In 2022, Malaysia imported $72.6M in Compasses, becoming the 24th largest importer of Compasses in the world. At the same year, Compasses was the 435th most imported product in Malaysia. Malaysia imports Compasses primarily from: Netherlands ($22.6M), Singapore ($13.4M), United States ($6.96M), Italy ($5.08M), and France ($5.03M).

The fastest growing import markets in Compasses for Malaysia between 2021 and 2022 were Netherlands ($11.6M), United States ($3.23M), and Singapore ($3.15M).

Latest Trends

October 2024

About

Overview In October 2024 Malaysia's Compasses exports accounted up to MYR78M and imports accounted up to MYR52.6M, resulting in a positive trade balance of MYR25.4M. Between October 2023 and October 2024 the exports of Malaysia's   Compasses have increased by MYR27.9M (55.6%) from MYR50.1M to MYR78M, while imports increased by MYR25.7M (95.3%) from MYR26.9M to MYR52.6M.

Destinations In October 2024, Compasses were exported mostly to United States (MYR46.8M), China (MYR10.7M), Singapore (MYR9.36M), United Arab Emirates (MYR3.72M), and France (MYR2.54M), and were imported mostly from United States (MYR37.9M), Singapore (MYR6.24M), Spain (MYR2.09M), Hong Kong (MYR1.98M), and China (MYR1.74M).

Growth In October 2024, the increase in Compasses's year-by-year exports was explained primarily by an increase in exports to United States (MYR10.4M or 119%), China (MYR4.03M or 360%), and Singapore (MYR1.69M or 45.1%). In October 2024, the increase in Compasses's year-by-year imports was explained primarily by an increase in imports from United States (MYR3.09M or 124%), Hong Kong (MYR1.45M or 1.11k%), and China (MYR1.45M or 5.83k%).

Subnational Monthly Trade

Time Scale
Flow
Color
EXPORT GROWTH (October 2023 - October 2024)MYR27.9M(55.6%)
IMPORT GROWTH (October 2023 - October 2024)MYR25.7M(95.3%)
MAIN DESTINATION (October 2024)United StatesMYR46.8M

This section shows Compasses's exports and imports data at subnational level for Malaysia. Click any date in the line plot, any subnational region in the geomap, or any destination or origin country to explore the exports or imports behavior of Compasses over time.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$122M
IMPORTS (2022)$72.6M
NET TRADE (2022)$49.2M

In 2022, Malaysia exported $122M in Compasses. The main destinations of Malaysia exports on Compasses were United States ($38.2M), Netherlands ($17.9M), Singapore ($13.6M), France ($13.6M), and United Kingdom ($7.92M).

In 2022, Malaysia imported $72.6M in Compasses, mainly from Netherlands ($22.6M), Singapore ($13.4M), United States ($6.96M), Italy ($5.08M), and France ($5.03M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Compasses EXPORT MARKETS FOR Malaysia WERE (2021 - 2022):
Netherlands$10.5M (141%)
France$7.55M (125%)
United States$5.34M (16.2%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Compasses BY Malaysia WERE (2021 - 2022):
China-$6.23M (-76%)
Japan-$1.53M (-59%)
Switzerland-$1.28M (-58.3%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, Malaysia's main exporting competitors in Compasses were:
United States $1.62B
United Kingdom $1.13B
France $911M
In 2022, Malaysia's main importing competitors in Compasses were:
United States $1.53B
United Kingdom $571M
France $529M

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Trade Value of Compasses by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALChina+ $6.35M
TOP IMPORT POTENTIALUnited States+ $1.94M

Compasses’s highest export potential is China. With an export gap of $6.35M.   Compasses’s highest import potential is United States with an import gap of $1.94M.

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